Main Crypto News for June 7 – Monero | ASA vs SEC

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Main Crypto News for June 7 - Arthur Hayes advises long positions on BTC and altcoins as central banks start easing cycles. Semler Scientific buys 247 BTC.

Main Crypto News for June 7 – Arthur Hayes advises long positions on BTC and altcoins as central banks start easing cycles. Semler Scientific buys 247 BTC. Monero rebounds post-delisting.

Arthur Hayes Advises Long Positions on BTC and Altcoins as Central Banks Start Easing Cycles

Arthur Hayes stated that central banks are on the edge and starting easing cycles—he advises opening longs on BTC and then on shitcoins. Source: cryptohayes

The cryptocurrency bull is awakening and is about to gore the hides of the profligate central bank executives.

Medical company Semler Scientific announced the purchase of an additional 247 BTC for $17 million.

The medical company Semler Scientific announced the purchase of an additional 247 BTC for $17 million. In May, it became known that the company would use BTC as its reserve asset. Source: prnewswire

Monero (XMR) After the delisting

Monero (XMR) has risen above the level from which it plummeted in early February amid delisting from Binance and other major crypto exchanges.

Monero (XMR) has risen above the level from which it plummeted in early February amid delisting from Binance and other major crypto exchanges.

ASA vs SEC

The American Securities Association (ASA) filed a lawsuit against the SEC for a lack of transparency in its enforcement actions. Source: PdF

Earlier, Gensler stated that cryptocurrency exchanges do what the law would never allow the NYSE or other traditional exchanges to do.

Elon Musk may leave Tesla if shareholders do not pay him a $56 billion bonus.

Elon Musk may leave Tesla if shareholders do not pay him a $56 billion bonus. Shareholders will vote on June 13, when the decision on the payout will be made. Source: theverge
As a reminder, as of April 23, Tesla held Bitcoin worth $710 million.

Legendary 70-year-old wrestler Hulk Hogan pumped his own meme token HULK on the Solana blockchain on his social media, then deleted the posts.

The balance of BlackRock’s spot Bitcoin ETF has exceeded 300,000 BTC.

The balance of BlackRock's spot Bitcoin ETF has exceeded 300,000 BTC.

It’s also worth noting that over the past 18 days, Bitcoin ETFs have added $3.87 billion worth of BTC to their balance sheets.